D.C.’s planned SLS Hotel project is facing a delay as its developer works to line up financing.
Peebles Corp., which is developing the luxury, boutique property, asked the D.C. Council for an extension of its right to buy the future hotel site, located at Fifth and Eye streets NW in Mount Vernon Triangle.
The council approved the extension time to dispose of the property between the city, which owns the land, and Peebles Dec. 18. The extension lasts three months and expires April 1.
“Despite…
